Indonesia to Relocate Residents or Move Fuel Facility After Fire Kills 16 March 6, 2023 Indonesia will relocate residents living near a fuel-storage fire that killed 16 people or remove the depot owned by state...
Eruption of Indonesia’s Highest Volcano Buries Homes, Destroys Bridge December 6, 2022 By Agoes Basoeki SUMBERWULUH, Indonesia (AP) – Improved weather conditions Monday allowed rescuers to resume evacuation efforts and a search for possible victims...
Indonesia’s Deadly Soccer Stampede Blamed on Locked Doors, Steep Stairs October 6, 2022 Locked stadium doors were a key reason why an Indonesian soccer riot turned so deadly, President Joko Widodo said on...
Indonesia Soccer Stampede Kills at Least 131 as Police Use of Tear Gas Questioned October 3, 2022 By Bloomberg News At least 131 people died after police fired tear gas to dispel rioters at a soccer match in Indonesia, triggering...
Indonesia Forms Rescue Plan for Troubled State Insurer January 28, 2020 By Rieka Rahadiana and Tassia Sipahutar Indonesian authorities are weighing the induction of a strategic investor into a unit of the nation’s oldest insurer that’s on...
Indonesia to Tighten Oversight of Troubled Insurance Industry as Crisis Continues January 24, 2020 By Tassia Sipahutar and Arys Aditya With Indonesia’s oldest life insurer tottering on the brink of collapse following years of alleged mismanagement, authorities plan to tighten...
Indonesia Takes Action to Rescue State Insurers, Potentially Raising Funds January 17, 2020 Indonesia will appoint state financial firm PT Bahana Pembinaan Usaha Indonesia as a holding company for state insurers to improve...
Scandal-Hit Indonesian Insurer, with $2B Financial Hole, Could Get Government Bailout January 10, 2020 By Fathiya Dahrul and Harry Suhartono Policyholders at Indonesia’s state-owned PT Asuransi Jiwasraya are looking to the government to rescue the scandal-hit insurer, which has uncovered...
Gallagher Buys IBS Re Singapore, 40% Stake in Indonesia’s IBS Insurance Broking December 12, 2018 Arthur J. Gallagher & Co. announced it has acquired a 40 percent equity stake in Indonesian insurance broker and risk...
Billionaire Li’s FWD Group Nearing Deal to Buy CBA’s Indonesia Unit October 22, 2018 By Joyce Koh, Manuel Baigorri, Emily Cadman and Fathiya Dahrul Billionaire Richard Li’s FWD Group is nearing an agreement to buy control of Commonwealth Bank of Australia’s Indonesian life insurance...